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TDS ON ADVANCE PAYMENT FOR PURCHASE OF PROPERTY

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(Querist)
17 March 2020 I WANT TO KNOW IF I PAID ADVANCE PAYMENT FOR PURCHASE OF PROPERTY I DEDUCT 1% OF TDS AND TDS DEPOSIT IN WHICH FINANCIAL YEAR BECAUSE BALANCE PAYMENT OF PROPERTY WILL BE PAID NEXT FINANCIAL YEAR
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CA Kaushal Sharda

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CA Kaushal Sharda (Expert)
17 March 2020 Deduct TDS in the financial year in which the advance payment is made.

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